Can I retire at age 30 with 694,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$57,310$56,799$56,301$55,815$55,341$55,015
2 years$28,371$27,843$27,331$26,834$26,353$26,024
3 years$18,726$18,196$17,685$17,193$16,719$16,398
4 years$13,905$13,376$12,870$12,387$11,924$11,613
5 years$11,013$10,487$9,988$9,514$9,065$8,764
6 years$9,085$8,563$8,072$7,608$7,173$6,883
7 years$7,709$7,191$6,707$6,255$5,833$5,555
8 years$6,677$6,164$5,688$5,247$4,839$4,572
9 years$5,875$5,367$4,899$4,470$4,075$3,819
10 years$5,234$4,731$4,271$3,853$3,472$3,227
11 years$4,710$4,212$3,761$3,353$2,986$2,752
12 years$4,273$3,780$3,337$2,941$2,588$2,364
13 years$3,904$3,416$2,982$2,597$2,257$2,043
14 years$3,588$3,105$2,679$2,305$1,978$1,775
15 years$3,314$2,837$2,419$2,056$1,742$1,549
16 years$3,075$2,603$2,193$1,841$1,539$1,356
17 years$2,864$2,397$1,996$1,654$1,365$1,191
18 years$2,676$2,215$1,822$1,490$1,214$1,049
19 years$2,509$2,053$1,668$1,347$1,082$925
20 years$2,359$1,907$1,531$1,220$966$818
21 years$2,223$1,777$1,408$1,107$865$725
22 years$2,099$1,658$1,297$1,006$775$643
23 years$1,987$1,551$1,198$917$696$571
24 years$1,884$1,453$1,108$836$625$508
25 years$1,789$1,364$1,026$763$563$452
26 years$1,702$1,282$952$698$507$403
27 years$1,621$1,206$884$639$457$359
28 years$1,547$1,137$822$585$412$321
29 years$1,477$1,072$765$537$372$286
30 years$1,413$1,013$712$493$336$256
31 years$1,352$957$664$453$304$229
32 years$1,296$906$619$416$275$205
33 years$1,243$858$578$382$249$183
34 years$1,193$813$540$352$225$164
35 years$1,146$771$505$324$204$147
36 years$1,102$732$473$298$185$131
37 years$1,061$695$442$275$168$118
38 years$1,021$661$414$253$152$105
39 years$984$628$388$234$138$94
40 years$949$598$364$215$125$85
41 years$915$569$341$199$113$76
42 years$884$542$320$183$103$68
43 years$853$516$300$169$93$61
44 years$825$492$282$156$85$55
45 years$797$469$265$144$77$49
46 years$771$448$249$133$70$44
47 years$746$427$234$123$63$39
48 years$722$408$219$114$58$35
49 years$699$389$206$105$52$32
50 years$678$372$194$97$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $694,000, adding $6,499 every year, while hoping to spend $49,252 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/8/20 Blend
29$694,000$694,000$694,000$694,000
30$771,492$734,710$723,953$822,867
31$797,780$718,307$695,801$841,498
32$825,099$699,449$665,056$855,375
33$853,502$677,965$631,578$869,332
34$883,046$653,672$595,223$883,367
35$913,791$626,377$555,838$897,483
36$945,804$595,875$513,264$911,680
37$979,155$561,951$467,337$925,964
38$1,013,918$524,377$417,883$940,339
39$1,050,177$482,911$364,721$954,812
40$1,088,019$437,297$307,663$969,393
41$1,127,538$387,266$246,511$984,094
42$1,168,838$332,532$181,059$998,930
43$1,212,028$272,795$111,094$1,013,918
44$1,257,228$207,736$36,389$1,029,082
45$1,304,568$137,018$0$1,044,448
46$1,354,189$60,287$0$1,069,293
47$1,406,243$0$0$1,103,297
48$1,460,895$0$0$1,140,793
49$1,518,324$0$0$1,185,782
50$1,578,727$0$0$1,233,112
51$1,642,315$0$0$1,282,951
52$1,709,320$0$0$1,335,481
53$1,779,992$0$0$1,390,901
54$1,854,608$0$0$1,449,430
55$1,933,466$0$0$1,511,303
56$2,016,892$0$0$1,576,779
57$2,105,244$0$0$1,646,140
58$2,198,910$0$0$1,719,695
59$2,298,316$0$0$1,797,781
60$2,403,929$0$0$1,880,765
61$2,516,256$0$0$1,969,051
62$2,635,854$0$0$2,063,081
63$2,763,335$0$0$2,163,338
64$2,899,365$0$0$2,270,349
65$3,044,676$0$0$2,384,697
66$3,200,071$0$0$2,507,014
67$3,366,429$0$0$2,638,000
68$3,544,714$0$0$2,778,416
69$3,735,983$0$0$2,929,103
70$3,941,397$0$0$3,090,979
71$4,162,231$0$0$3,265,054
72$4,399,882$0$0$3,452,437
73$4,655,887$0$0$3,654,345
74$4,931,931$0$0$3,872,115
75$5,229,867$0$0$4,107,216
76$5,551,732$0$0$4,361,262
77$5,899,763$0$0$4,636,027
78$6,276,417$0$0$4,933,459
79$6,684,399$0$0$5,255,704
80$7,126,681$0$0$5,605,117
81$7,606,530$0$0$5,984,290
82$8,127,541$0$0$6,396,073
83$8,693,667$0$0$6,843,602
84$9,309,258$0$0$7,330,326
85$9,979,097$0$0$7,860,039
86$10,708,448$0$0$8,436,915
87$11,503,106$0$0$9,065,551
88$12,369,444$0$0$9,751,002
89$13,314,478$0$0$10,498,833
90$14,345,932$0$0$11,315,169
91$15,472,305$0$0$12,206,753
92$16,702,955$0$0$13,181,008
93$18,048,185$0$0$14,246,106
94$19,519,337$0$0$15,411,044
95$21,128,898$0$0$16,685,729
96$22,890,620$0$0$18,081,068
97$24,819,645$0$0$19,609,073
98$26,932,647$0$0$21,282,973
99$29,247,990$0$0$23,117,335
100$31,785,896$0$0$25,128,202